global macro

Investing across the cycle requires a firm grasp of the fundamentals, and perhaps nothing is more fundamental than the flow of money and credit.Indeed, the current...

We told investors last month that our view on the situation surrounding COVID-19 is a balanced one. That largely remains the case today and the Fund still has dry...

A few weeks ago in part one of this series, we suggested that this was a unique supply side event where Central Bank liquidity couldn’t redress the major issues of a...

Following on from our latest article ‘5 themes worth backing this year’, we identified a number of themes & opportunities we are monitoring for 2020 and beyond. The...

The last decade was one of steady recovery from the GFC for the world, but also one of great uncertainty and political instability. Markets had the Euro crisis, US...

I spent a lot of time in the 2019 End of Year Special Edition looking back and reflecting across the year just been, covering some of my best (and worst) charts and...

Christmas 2018 was not a great one for many investors with an almost 20% slump in US shares from their high in September to their low on Christmas Eve, capping off a...

Picture this, the week before Christmas 2018. The S&P 500 has just had the worst quarter of performance since Q3 2011. October down -6.91%, November up 1.85% and...

MFS strategist Robert Almeida summarised it best in his latest reflections: "Investing is simple, but hard". Those who had been expecting logical, straightforward...

October presented several significant risk events which have passed without major incident, fostering some newfound optimism for global markets. The avoidance of a...

Music is wonderful in that it’s often recycled and reused to create new songs that can give old songs a new lease of life. It’s also a painful reminder of getting...

This week I was encouraged to see Shayne Elliott, CEO of ANZ, raise the following; Shayne Elliott… has called on federal Treasurer Josh Frydenberg to convene a summit...

September delivered further weakening in the global macroeconomic environment, justifying the large global policy accommodation (mainly via interest rate cuts and...

The concept behind the circle of influence and control is simple. What is within the ‘circle of control’ is what can be controlled by an individual, in this scenario,...

One of the most important questions facing markets over the next 12 months is whether the US services sector can keep the broader US economy out of recession despite...

Since the beginning of this year, financial markets and expectations have turned decidedly bearish. Concerns about a Sino-US trade war, along with the so-called...

There are many ways to create value without showing after-tax profits.This is obvious to anyone with a biotech background (analysis of historic financials is no way to...

Are equities currently expensive and is now a good time to invest? We have been asked this question often by investors who are searching for a return above cash,...

The decline in US interest rates by the Federal Reserve to combat the GFC has left a mark on the investment landscape and triggered the rise of a new bubble – the...

Back in February, Chris Watling, CEO and Chief Market Strategist at Longview Economics, wrote that a recession in Australia was likely, and that rates would be cut to...